Showing Posts In "Occupational Fraud, Diploma Mills, Fake Degrees, Fake References & Fake Resumes" Category

Workers Have Stolen $400m from Employers Since 2000

Whether it’s a crime of opportunity, greed, malice or a combination of all three, over the past 12 years Aussie workers have stolen $400 million from their employers – and that’s just the figure of those who were caught. According to a new report from forensic accounting firm Warfield and Associates, the banking sector contained […]

The Enemy Within: Who’s Stealing Your Company’s Secrets?

A new survey of 2,031 European office workers conducted by the information management firm Iron Mountain found that a third of them admitted to taking or transmitting confidential information out of their workplace. One in seven of those surveyed said they had taken confidential data with them to a new job and 31 percent said […]

Companies Need to Remain Vigilant in the Face of Escalating Fraud

Companies worldwide are battling to survive and grow in what have continued to be highly adverse economic conditions. In this environment, growth and ethical business conduct can sometimes appear to be competing priorities. Ernst & Young recently undertook the 12th Global Fraud Survey where they interviewed chief financial officers and heads of legal, compliance and […]

2012 Report to the Nations – Key Findings and Highlights

Survey participants estimated that the typical organization loses 5% of its revenues to fraud each year. Applied to the estimated 2011 Gross World Product, this figure translates to a potential projected global fraud loss of more than $3.5 trillion. The median loss caused by the occupational fraud cases in our study was $140,000. More than […]

New Study Offers Tips to Combat ‘Sweethearting’

A first-of-its-kind study on “sweethearting”–a form of employee theft when the employee gives away products or services for free or at a discount–claims traditional mitigation strategies used by loss prevention professionals often don’t work. The study’s authors approached sweethearting from a marketing perspective, aiming to expose the “dark side” of the practice that hadn’t been […]

Many Employees Would Sell Corporate Information, Finds Study

A recent SailPoint Market Pulse survey of more than 3,400 employees in the United States, Great Britain and Australia, found that many are willing to disclose classified, sensitive, or proprietary corporate information after they have resigned or been laid off. SailPoint is a market-leading identity governance solution company that helps the world’s largest organizations to […]

33% of Corporate Fraudsters are CEOs

A recent KPMG global survey on corporate frauds has found that executives and directors on company boards are the biggest perpetrators of corporate fraud. In fact, the involvement of top bosses in corporate frauds has more than doubled since 2007 and results in 33% of such cases. The survey, which tracked 348 fraud investigations KPMG […]

Employee Theft: The Largest Source of Shrink in North America

The Centre for Retail Research’s Global Retail Theft Barometer for 2011 (GRTB 2011) report surveyed more than 4,500 retail corporations in 43 countries found employee theft to be the greatest shrinkage problem in North and Latin America. Shrink or unaccounted for merchandise in a store’s inventory is higher (almost 7%) worldwide according to the Theft […]

Retailers Track Employee Thefts in Vast Databases

Facing a wave of employee theft, retailers have amassed vast databases of workers accused of stealing and use the information to keep employees from working again in the industry. The repositories of information often contain scant details about suspected thefts and routinely do not involve criminal charges, but the information can be enough to ruin […]

23rd Annual Retail Theft Survey

Shoplifters and dishonest employees stole over $7 billion in 2010 from just 23 major retailers, according to the 23 rd Annual Retail Theft Survey conducted by Jack L. Hayes International, the leading loss prevention and inventory shrinkage control consulting firm. The 23 large retail companies surveyed apprehended more than 1 million shoplifters and dishonest employees […]

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